Originally Posted by itzme
One has to remember the biggest problem was with PICPAY.....
Bryan being the CEO is responsible for all activities in all the companies...
There was a lot of money entering PICPAY, in very large amount, most of those
deposits were from questionable sources, some smart people had found a way to
use PICPAY to carry on their money laundering business. PIPS management were not
paying attention and not doing any checking about the money entering PICPAY.
Bryan is responsible because he is the CEO, he is responsible for his employees,
even if he was not directly involved with those large funds entering PICPAY.
As seen by the BoN, there was some problems with the movement of funds with PIPS.
Hopefully BoN will not terminate PIPS, there will be some serious recommendations as
to how PIPS will do business in the future to block those trying to use PIPS as a money
laundering machine.
The worst outcome will be that Bryan will have to pay a fine because he is the CEO
and responsible for what was going in his companies.
i